Homeowners Are More Financially Fit!

September 3, 2010

The Ontario Real estate Association has reported that homeowners are in the best shape, when it comes to financial fitness in Canada.

In it's September 2010 edition of Realtor Edge, OREA states that sixty-five percent of homeowners pay off their credit card balances each month, versus 48 percent of non-homeowners. Furthermore, a quarter of those homeowners with mortgages have managed to make a lump sum payment or accelerate their payments in the past year, according to a survey sponsored by Genworth Financial Mortgage Insurance Company Canada.

The Financial Fitness Survey was conducted in conjunction with the Canadian Association of Credit Counseling Services.

Tagged with: homeowners financially fit survey genworth financial mortgage insurance company canada
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